Georgia Loan & Trust Co. v. Dyer

Ingram, Justice.

This case essentially involves a dispute over the priority of two security deeds allegedly covering the same property. The plaintiff, Georgia Loan & Trust Company, brought an equitable action in the Superior Court of Union County seeking a temporary and permanent injunction against defendant Dyer to prevent him from foreclosing his security deed and a declaratory judgment that the Dyer security deed is invalid and not entitled to record. If plaintiff is successful, a security deed held by it purportedly describing property covered by the Dyer security deed, would constitute a…